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Energy-Tel LLC - Energy Update October 31 2013

- Saturday, November 02, 2013

The Henry Hub spot pricing closed this week (Wednesday, October 30) at $3.55 per MMBtu down 11 cents from last week’s $3.66 per MMBtu (Wednesday, October 23). The NYMEX  November 2013 contract expired and settled at $3.496 per MMBtu on Tuesday, October 29 down 12 cents from 1ast Wednesday October 23. The December contract settled at $3.620 Wedneday.

 

According to BENTEK Energy LLC estimates there was an increase in total consumption in all sectors this week of 4.9%.  Consumption in the Residential/Commercial sector was up 14.1%. While thePower Sector consumption fell 1.2%/

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 3,779 Bcf on Friday, October 25.  Stocks were down 3.1% from last year at the same time and 1.6% above the 5 year average.

 

Please feel free to give me a call to discuss any questions you may have about your specific energy plan.

 

Tony Gattuso

(800)708-3086

 

**This analysis contained herein is based upon information Energy-Tel, LLC reasonably believes to be accurate.  However, they do not guarantee the accuracy of the analysis.**

 

 

THE LAST WORD:  ” If you are not willing to risk the usual you will have to settle for the ordinary.” Jim Rohn




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